In terms of your #1: Think of this scenario - most of the time when a stock is trading at .0001 x .0002 you buy it at .0002 - once you do that you are already down half before you even intend to sell. And even if you can buy it at the bid, it is down there for a reason and most of the time it will reverse split.
#2 - sounds good if it can happen but you have a better chance of losing your money than that scenerio
#3 - shorting a .0002 stock? really? and what broker would let you do that?
#4 Options you buy contracts or sell contracts on - Margin you don't trade it you use it to get by T3 and if you need to borrow money to trade with
My suggestion is to completely stay away from stocks trading in the triple zeros. Especially at .0001.
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